Economic activity strengthened in most U.S. regions during March and early April with the exception of St. Louis, where plans to close several plants were announced, the Federal Reserve said on Wednesday.
Treasury Secretary Timothy Geithner said on Wednesday an overhaul of financial regulations was at a critical moment and said he believed a legislative agreement was close.
Global authorities should dismantle banks that are so large their failure could destabilize the international financial system, Dallas Federal Reserve President Richard Fisher said on Wednesday.
Longstanding stereotypes of Appalachia conjure images of a backwater region blighted by poverty. Now the state of Ohio is working to change that perception by promoting the region as an emerging hotbed for startups in industries such as high tech and alternative energy.
Apple Inc's decision to delay the sale of its iPad overseas may frustrate customers in Germany, France or Japan -- but it brightened the day of at least a few crafty fans closer to home.
U.S. securities regulators proposed requiring high-frequency traders to reveal their identities and disclose their trades -- the latest attempt to get a grip on the lightening-fast trades that are shaking up equity markets.
Financial news service Theflyonthewall.com Inc has asked a U.S. federal judge to lift a ban on its reporting hot news about analyst research from three Wall Street banks, saying the ban has cost it subscribers and could threaten its survival.
U.S. tech stocks sprang higher on Wednesday after strong earnings and forecasts from Intel Corp further galvanized hopes the beleaguered technology sector's recovery was underway.
Financial news service TheFlyonthewall.com has asked a U.S. federal judge to lift a ban on its reporting hot news about analyst research from three Wall Street banks, saying the ban has cost it subscribers and could threaten its survival.
U.S. stocks rose for a fifth straight day on Wednesday and the S&P 500 topped 1,200 as stronger-than-expected corporate results and March retail sales bolstered the outlook for profits.
A U.S. bankruptcy judge on Wednesday said the court-appointed examiner of Lehman Brothers Holdings Inc could release his report to the public in full, including all supporting documents.
U.S. stocks rose for a fifth straight day on Wednesday and the S&P 500 topped 1,200 as stronger-than-expected corporate results and March retail sales bolstered the outlook for profits.
Around 40 percent of UBS shareholders rapped the Swiss bank for awarding hefty pay checks despite big losses, a warning to Chief Executive Oswald Gruebel not to follow market excesses.
Apple Inc said it would delay for one month the international roll-out of its iPad tablet computer, due to heavy demand and swift sales after its launch in the United States.
U.S. securities regulators proposed requiring that high-frequency traders reveal their identities and disclose their trades -- the latest attempt to get a grip on how the lightening-fast trades are shaking up equity markets.
The Obama administration is asking for public comment on seven broad questions about the future of housing finance that will provide a framework for reforming Fannie Mae and Freddie Mac.
A moderate U.S. economic recovery is likely to warrant very low interest rates for a long time, Federal Reserve Chairman Ben Bernanke testified on Wednesday.
U.S. mortgage applications fell for a second straight week, with a slump in demand for government loans driving activity to its lowest level in three months, data from an industry group showed on Wednesday.
U.S. mortgage bonds backed by government agencies Fannie Mae, Freddie Mac and Ginnie Mae have so far handily navigated the waters without the recent support of the Federal Reserve, but it may not be smooth sailing for long.
The U.S. economy is still being weighed down by weakness in the construction sector and battered state and city budgets, Federal Reserve Chairman Ben Bernanke said on Wednesday.
U.S. stocks advanced for a fifth straight day on Wednesday and the S&P 500 topped 1,200 as stronger-than-expected company results and retail sales boosted the outlook for the economy and profits.
Lehman Brothers Holdings Inc has sued the U.S. government, asking for the return of some $110 million that the bankrupt investment firm said it overpaid in taxes and penalties in 1999 and 2000.
